NATIXIS - Universal registration document and financial report 2019

5 FINANCIAL DATA

Consolidated financial statements and notes

At December 31, 2018

31/12/2018

Specialized Financial Services

Corporate & Investment Banking

Corporate Center (excluding Coface) (c)

Asset & Wealth Management (b)

(in millions of euros)

Insurance

Coface

Total

Net revenues

3,419

3,123

790

1,472

678

135

9,616

2017/2018 change (a)

10%

(9)%

8%

6%

9%

(22)% (486)

2%

Expenses

(2,264)

(2,133)

(448)

(1,004)

(488)

(6,823)

2017/2018 change (a)

4%

0%

2%

7%

1%

5%

3%

Gross operating income

1,154

990

342

468

190

(351)

2,793

2017/2018 change (a)

23%

(24)% (175)

16%

6%

35%

21% (14)

(1)%

Provision for credit losses

(1)

0

(23)

(1)

(215) (17)% 2,578

2017/2018 change (a)

52%

(68)%

(83)%

(78)% (365)

Net operating income

1,153

815

342

445

189

2017/2018 change (a)

23%

(32)%

16%

20%

40%

3%

0%

Associates

3

12

15

0

0

0

29

2017/2018 change (a)

164%

11%

13%

(74)%

(76)%

13%

Other

37

3

0

1

(2)

16

54

2017/2018 change (a)

264%

(84)%

(20)% (349)

11%

Pre-tax profit

1,192

829

356

445

187

2,661

2017/2018 change (a)

26%

(32)%

16%

20%

38%

4%

0%

Net income group share

644

603

246

299

50

(266)

1,577

2017/2018 change (a)

34%

(30)%

29%

19%

4%

59%

(6)%

This information is determined based on the accounting principles applied in accordance with IFRS as adopted by the European Union at December 31, 2018.

(a) (b)

Change between December 31, 2018 and December 31, 2017.

O/w for Asset Management: - net revenues: €3,274 million; - expenses: -€2,114 million;

- gross operating income: €1,160 million; - provision for credit losses: -€5 million;

- pre-tax profit: €1,184 million. O/w for short-term treasury: - net revenues: €114 million; - expenses: -€60 million;

(c)

- gross operating income: -€55 million; - provision for credit losses: €0 million; - pre-tax profit: €55 million.

Breakdown of net revenues

(in millions of euros)

Net revenues

2017/2018 change

Asset & Wealth Management

3,419

10%

Asset Management

3,274

10%

Wealth Management

144

2%

Corporate & Investment Banking

3,123 1,216 1,783

(9)%

Capital Markets (a)

(32)%

Global finance & Investment banking

5%

Other

123

(508)%

Insurance

790

8% 6%

Specialized Financial Services

1,472

Specialized Financing

894 389 188 678 135

4%

Payment

16%

Financial Services

2%

Coface

9%

Corporate Center (excluding Coface)

(22)%

TOTAL

9,616

2%

Of which €1,319 million excluding the net revenues of the XVA desks, which break down into €1,158 million in net revenues for FICT and €161 million for Equities. (a)

346

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019